James Harris Simons

James Harris “Jim” Simons, a grandson of the owner of a shoe factory in Massachusetts, received a bachelor’s degree in Mathematics, Massachusetts Institute of Technology (MIT) in 1958 and received his Ph.D., also in mathematics at UC Berkeley in 1962 at the age of 23 years. From 1961 to 1964 he taught mathematics at MIT and Harvard. In 1964-1968 he held a research position in the Communications Research Division of the Institute of Defense Analysis. In 1968 he became head of the mathematics department at Stony Brook University. During his university entered the top ten in the U.S.. In 1976, Simons was Oswald Veblen Prize in Geometry American Mathematical Society for his work on multi-dimensional surfaces that minimize area, and characteristic forms. He proved the assumption Bernstein until dimension 8, and also improved the properties of regularity result Wendell H. Fleming on the generalized Plateau problem. In 1978, Simons left academia in order to establish an investment fund. In 1982, Simons founded in New York Renaissance Technologies Corporation, a private investment firm managing more than 30 billion. Simons still stands as the president at the head of the firm’s most successful hedge fund in the world. For more than two decades of investment firm Renaissance Technologies, are traded on stock exchanges around the world, is at the forefront of mathematical-economic analysis. It uses computer models to predict changes in prices of traded financial instruments. These models use as much information as you get to collect, then look for non-random components, on which to make predictions. Despite the fact that the scientists involved in the development of models, action MTS best describes the concept of “black box”. In addition, employees of companies are active in disorientation and concealment of details of the fund. In the Renaissance works of more than 60 world-class scientists, including mathematicians, physicists, astrophysicists and statisticians, from a wide range of countries (eg Japan and Cuba). This allows you to earn income by tens of percent higher than they receive Bruce Kovner, George Soros, Paul Tudor Jones, Louis Bacon, Mark Kingdon or Monroe Trout. However, official data shows that the fund would go to minus 7% at the beginning of the mortgage crisis of 2007, but was able to straighten the end of August to +0.7%. Renaissance launched a fund RIEF, intended to control capital of 100 billion dollars, that is the largest of the existing ever. Simons was approved by the fiscal year, scientists (FEOY, Financial Engineer of the Year) International Association of Financial Engineering (IAFE, International Association of Financial Engineers) in 2006. He earned about 2.8 billion dollars in 2007, $ 1.7 billion in 2006, $ 1.5 billion in 2005 (the most revenue managers of hedge funds in that year), and $ 670 million in 2004. With approximately 5.5-billion-dollar fortune Simons, according to magazine Forbes, in 2007, with 214 in the world and 57 places in America. Financial Times named him in 2006 “the most intelligent of the billionaires. With the proceeds of capital Simons involved in charity. It supports research projects, conferences and symposia. Simons and his second wife, Marilyn Simons Horis (Marilyn Hawrys Simons), founded the Simons Foundation – a charitable organization which supports educational and health projects, in addition to scientific research. In memory of his son Paul, he created Avalon Park, Park at Stony Brook. 34-year-old Paul died in an accident in 1996 while riding a bicycle around the house. Another son, 23-year-old Nick, was drowned in 2003 during a trip to Bali (Indonesia). Nick has worked in Nepal and Simons made a great contribution to Nepalese healthcare through the Nick Simons Institute. James also founded Math for America ( «Mathematics for America”). In early 2006 he led a group of directors of Renaissance Technologies Corporation and Brookhaven Science Associates, and closed the hole in the budget of the Brookhaven National Laboratory in the amount of 13 million dollars, which prevented the opening of the Heavy Ion Collider. Also in 2006, Simons donated $ 25 million to Stony Brook University in Stony Brook Foundation, gift is intended to Mathematics and Physics departments at the university. February 27, 2008 Governor Eliot Spitzer announced the 60 millionth donation for the foundation of the Simons Foundation Simons Center for Geometry and Physics ( «Simons Center for Geometry and Physics”) at Stony Brook, the largest cash gift in the history of the Public University of New York. Family Fund has spent the last years 38 million dollars to find the cause of autism, and plans to spend another $ 100 million, which will be the greatest investment in research on autism. It Simons sets personal control over all the wedge budget. Simons has provided DNA from his family to study (his daughter is autistic), and also helped to solve some research problems. When MIT asked for money for brain research, he stipulated that the project focus on autism and include scientists of his choice. June 11, 2003 Simons Foundation had a symposium on the study of autism. It presented the results on the causes of autism, drawing genetic maps of autism and biological mechanisms that occur in patients with autism. Among pristutsvuyuschih were David Amaral and Dr. Eric Kurchesne, Nathaniel Heinz, Tom Island, Catherine Lord, Fred Volkmar and Dr. Paul Greengard. The Foundation gave $ 10 million by two researchers from Yale Center for Childhood Illness univesiteta to study genetic influences on autism. We Simons 5 children, he lives with his wife in Manhattan and Long Island. Simons is a trustee of Brookhaven National Laboratory, the Institute for Advanced Study, the Rockefeller University and the Mathematical Sciences Research Institute. He is also a member of the Committee of MIT. Simons shuns the limelight and rarely gives interviews, citing that the donkey Benjamin of the story “Animal Farm” for an explanation: “God gave me a tail to keep off the flies. But I would rather have had no tail and no flies. “

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